Investors eye May’s nonfarm payrolls as the first major report under new Fed Chair Kevin Warsh. Economists forecast 80,000 jobs, a slowdown from the prior month’s gain. The data will shape expectations for policy tightening and corporate earnings, and future sector growth, while markets await the exact numbers that will confirm or challenge the current labor market trajectory.

Nasdaq-100 slipped more than 1% as AI‑driven optimism cools, pulling down the broader index. Global markets mirrored the retreat: South Korea’s Kospi fell 5.5%, dragged by a nearly 10% plunge in SK Hynix. Investors note the tech rally’s fragile footing amid earnings concerns and supply‑chain uncertainties, and the possibility of tighter credit conditions for growth.

The S&P Dow Jones Indices decision to delay adding high‑growth IPOs to the S&P 500 stalls the path for firms like SpaceX, Anthropic, and OpenAI, forcing a year‑long wait. Market sentiment reacts to the move, as investors recalibrate exposure to emerging tech that may dominate future earnings and influence portfolio construction across sectors for long term.

Oil prices drift lower as U.S. Treasury yields soften, while Middle East tensions add risk. Fitch Ratings cuts its global growth forecast and lifts crude price outlook, warning that the war strains the world economy. Traders monitor these signals, as any shift could trigger a reassessment of risk premiums and commodity valuations and force adjustments in hedging strategies worldwide today.